logo
New educator development housing coming to Lahaina

New educator development housing coming to Lahaina

Yahoo01-06-2025
LAHAINA, Hawaii (KHON2) — Lahaina will be getting a big boost to development with a new housing project coming soon.
The Hawaiʻi State Department of Education and Maui leaders broke ground on a new $20 million educator workforce development housing project, with construction starting soon on the 47-unit rental complex.
Maui Council passes bill allowing certain Lahaina structures to build back as it was
Centrally located near three Lahaina schools, the approximately five-acre site sits above Princess Nāhiʻenaʻena Elementary and below Lahainaluna High.
'This development is pivotal to the retention and recruitment of our west Maui staff. We cannot afford to lose our educators. Their presence, their stability, their relationships with students is what helps our students learn, heal and move forward,' Superintendent Keith Hayashi said. 'When teachers have secure housing, students have stable classrooms.'The 2023 wildfires made an already severe housing crisis in Lahaina worse.
'This project responds directly to that need – the need for housing our school employees,' Maui Mayor Richard Bissen said. 'That will bring consistency to our classrooms that allows those who guide, who nourish, who transport and care for our students to remain close to the places they serve.'
In an employee survey, nearly one-third of the Maui employees were displaced due to the wildfires, with 20% of educators surveyed saying they are thinking about leaving the state due to the high cost of housing.
'It's an honor to work on this project. We're very anxious to get started. We have a tight timetable and we'll make that, I'm sure,' Everett Dowling, founder and president of Dowling Co., said. 'Home ownership equity is the largest creator of wealth in the country. But in order to buy a home, you have to save some money. Hopefully this project will enable employees of the DOE here on the west side to put some money aside as the community rebuilds.'
Check out more news from around Hawaii
The project will include one and two-bedroom configurations. Rental rates will be income-based.
The teacher workforce housing complex is expected to be complete in December.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

BK Technologies Corp (BKTI) Q2 2025 Earnings Call Highlights: Revenue Growth and Margin ...
BK Technologies Corp (BKTI) Q2 2025 Earnings Call Highlights: Revenue Growth and Margin ...

Yahoo

time6 minutes ago

  • Yahoo

BK Technologies Corp (BKTI) Q2 2025 Earnings Call Highlights: Revenue Growth and Margin ...

Release Date: August 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points BK Technologies Corp (BKTI) reported a 4.5% increase in second-quarter revenue to $21.2 million, aligning with their targeted single-digit growth for 2025. Gross margin improved significantly to 47.4% from 37.3% in the same quarter of the previous year, driven by a favorable sales mix and cost reduction initiatives. The company launched Relay 1, a portable repeater kit, and received a purchase order from Larimer County Sheriff's Office, indicating strong market acceptance. BK Technologies Corp (BKTI) received substantial federal orders, including a $12.9 million order from the USDA Forest Service, highlighting their strong position in the federal communications market. The company raised its full-year gross margin target to 47% and increased its GAAP EPS target to $3.15, reflecting confidence in their business trajectory and improved operating models. Negative Points Selling, general, and administrative expenses increased slightly to $6 million, reflecting strategic investments in engineering and product development. Engineering and product development expenses rose to 10.9% of sales, primarily due to non-capitalizable development costs for new products. Sales and marketing expenses increased to 9.2% of sales, driven by the addition of new sales personnel and increased trade show participation. The backlog at the end of Q2 was lower than anticipated at $16 million, partly due to the timing of federal orders. The company remains cautious about potential changes in tariff policies, which could impact future financial performance. Q & A Highlights Warning! GuruFocus has detected 6 Warning Signs with BKTI. Q: Can you elaborate on the factors driving the improved gross margin outlook? A: (Scott Mellinger, CFO) The improved gross margin is primarily driven by a more favorable tariff environment and a shift towards higher-margin products. Additionally, cost savings from outsourcing production to East-West Manufacturing have significantly contributed to this improvement. Q: How is the BKR 9,000 performing in terms of sales, and what is the sales cycle like? A: (John Suzuki, CEO) We expect to ship 2 to 3 times more BKR 9,000 radios this year compared to last year. The sales cycle for the BKR 9,000 can vary; for larger customers, it can take up to 18 months, while smaller customers might take around 6 months to make a purchase decision. Q: What is the current backlog, and how does it compare to expectations? A: (Scott Mellinger, CFO) The backlog at the end of Q2 was approximately $16 million, which was slightly lower than anticipated due to federal orders received early in July. Considering these orders, the backlog is reasonable. Q: Can you provide an update on the development of the BKR 9,500 and its market potential? A: (John Suzuki, CEO) The BKR 9,500 development is on track, and we expect to start recognizing revenue from it in 2027. The market for mobile radios like the BKR 9,500 is substantial, representing about 35-40% of the $2.3 billion U.S. device market. Q: How do you view the impact of tariffs on your financial guidance? A: (Scott Mellinger, CFO) While the tariff situation is not ideal, we believe it is mostly behind us for this year. Our products produced in Mexico and Canada are coming in tariff-free under USMCA, which gives us confidence in our gross margin guidance. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.

Trump's Plan for 300% Semiconductor Tariffs Weighs on Chip Stocks, Except Intel. Here's Why
Trump's Plan for 300% Semiconductor Tariffs Weighs on Chip Stocks, Except Intel. Here's Why

Yahoo

time36 minutes ago

  • Yahoo

Trump's Plan for 300% Semiconductor Tariffs Weighs on Chip Stocks, Except Intel. Here's Why

A potential deal with the Trump administration is shaping up to be a saving grace for Intel (INTC), which saw its shares climb Friday while other semiconductor stocks slid. President Trump told a group of reporters aboard Air Force One Friday morning that he could put tariffs on imported chips as soon as next week."I'll be setting tariffs next week and the week after, on steel and on, I would say chips—chips and semiconductors, we'll be setting sometime next week, week after," the president said in-flight, on the way to meet with Russian President Vladimir Putin in Alaska. "I'm going to have a rate that is going to be 200%, 300%," Trump said. The White House didn't immediately respond to a request for comment. The PHLX Semiconductor Index (SOX) was recently down more than 2%. Intel was among a handful of the index's constituents that was unscathed; shares were up nearly 6%. Reports that the Trump administration is considering taking a stake in Intel are giving the stock a boost. Discussions have included tapping the Chips Act—of which Trump has been a critic—to partially fund a stake in Intel, according to Bloomberg, citing people familiar with the matter. Deal talks follow on the heels of Intel CEO Lip-Bu Tan's meeting with President Trump on Monday, after Trump publicly called for Tan's resignation, citing purported China conflicts. A White House spokesperson told Investopedia any discussions "should be regarded as speculation unless officially announced by the Administration." Intel did not immediately respond to queries about the talks. Some analysts see the Trump administration as a potential "hero customer," which Intel could use to fund development for its 14A process, a next-gen chip manufacturing technology that could boost chip speeds. "Intel could of course use money to help capitalize the fabs given the heavy losses and cash burn, and help to support them during the (likely) years it will take to build up substantial customer base," Bernstein analysts led by Stacy Rasgon wrote in a report Friday. Intel is already leaning on private equity deals to support building out semiconductor fabrication plants in and outside the U.S. However, what Trump might want in return is an outstanding question, with investors waiting to see if Trump can "Make Intel Great Again," the analysts said. The administration recently secured revenue-sharing deals with Nvidia (NVDA) and Advanced Micro Devices (AMD) in exchange for export licenses to resume sales of key AI chips to market observers including Jim Cramer, and Morningstar's Brian Colello also said Intel could likely use the help. "A stake could go a long way toward finishing what Gelsinger couldn't afford to build but did it anyway," Cramer tweeted Friday, referencing former Intel CEO Patrick Gelsinger, who stepped down in December. Read the original article on Investopedia

The White House Keeps a ‘Loyalty' Scorecard for Companies: Report
The White House Keeps a ‘Loyalty' Scorecard for Companies: Report

Gizmodo

time37 minutes ago

  • Gizmodo

The White House Keeps a ‘Loyalty' Scorecard for Companies: Report

The White House has created a spreadsheet that rates hundreds of companies for their loyalty, according to a new report from Axios. And while that may not be entirely shocking news, given Donald Trump's way of doing business, it's worth stepping back and asking how news of a loyalty scorecard by a sitting president would've been received in the pre-Trump era. The rankings on the loyalty spreadsheet are currently determined by a given company's perceived support of the so-called Big Beautiful Bill, a budget package that passed in July and is poised to strip healthcare from at least 17 million people while lowering taxes on the wealthiest Americans. That support is gauged by social media posts, press releases, ads, and more, according to Axios. The spreadsheet reportedly contains 553 companies and trade organizations, each getting one of three ratings of support for Trump: Strong, moderate, or low. Examples of companies that were 'good partners,' according to Axios, include Uber, DoorDash, United, Delta, AT&T, and Cisco. And while it's entirely possible the rankings are solely determined by public displays of support, it's impossible to ignore the financial contributions those companies have often made to Trump. AT&T, Delta, United, Uber, and Uber CEO Dara Khosrowshahi each contributed $1 million to Trump's inaugural committee, according to CNBC. DoorDash contributed $100,000. Cisco didn't donate to Trump's inauguration, but spoke glowingly about the president shortly after he was elected in 2024. Trump has insisted on fealty to his far-right agenda and has set out to crush anyone who doesn't fall in line. That includes some of the largest companies in America, which have dutifully met with Trump to kiss the ring and sing his praises. Apple CEO Tim Cook, who also donated $1 million to Trump, visited the White House to announce new spending in the U.S. and even gave the president a piece of glass with the Apple logo sporting a 24-karat gold base. It's the kind of tacky gesture that Trump loves—symbolism that makes it clear the king is in charge. Axios quotes an unnamed White House source who describes the loyalty spreadsheet as an 'evolving' document, and support for other initiatives beyond the Big Beautiful Bill will be included in the future. And Axios notes it will be used whenever lobbyists approach the Trump regime with requests. 'If groups/companies want to start advocating more now for the tax bill or additional administration priorities, we will take that into account in our grading,' the White House official is quoted as telling Axios. It all sounds like a mafia-style operation, of course. But that's no secret. Trump has always been a transactional president and isn't shy about shaking down anyone who he thinks isn't sufficiently deferential to his whims. Even if Trump doesn't like someone, he seems willing to bring them back into the 'loyal' camp as long as they play along. For example, Trump recently criticized the CEO of Intel, Lip-Bu Tan, calling him 'highly conflicted' and insisting he needed to resign over supposed ties to China. Tan denied the allegations, met with Trump, and now we have reports from Bloomberg that the U.S. government might take a stake in Intel and might use funds from the Chips Act to do it. We don't know exactly what happened there, but we can make some educated guesses. If you want to do business in the U.S., you need to pay your tithe to Trump's empire in one way or another. Unfortunately, Trump's empire isn't just his collection of private businesses these days. He sees the entire country and all its wealth as his for the taking. Trump is also working on getting a 15% cut from Nvidia and AMD on chips shipped to China in what's being characterized as a 'revenue-sharing agreement.' That deal seems unconstitutional, according to Fortune, but that doesn't seem like it will matter in the long run. Trump's government flagrantly breaks the law, there's sometimes a protracted legal fight, and he keeps pushing boundaries while the courts that are stacked with his own judges debate the finer points. The U.S. public was absolutely scandalized when it learned of President Richard Nixon's enemies list in 1973. But in the second Trump era, this kind of loyalty ranking from the White House is just a tiny drop in an ocean of bizarre news that defies the norms of another age.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store